REAL ESTATE MARKET IN MIAMI | liveonriviera.com


Miami is a luxurious city on the Atlantic coast in southeast Florida, USA. The ideal climate and excellent location made the city internationally popular and provided investment in real estate. The Miami real estate market is promising, developing rapidly and continues to prove its investment attractiveness. Downtown Miami, Brickell, the popular resort of Miami Beach, coastal areas such as Sunny Isles and Aventura simply cannot help but attract the attention of international clients looking for real estate.

The Miami real estate market is promising and developing rapidly

Real estate prices depend on many factors:

– property location

– the area in which it is located

– infrastructure nearby

In Miami, you can find different types of housing, from apartments in high skyscrapers and apartments in prestigious residential complexes to villas on the Atlantic coast or Biscayne Bay, where you can enjoy privacy.

In 2015, foreigners purchased 22% of houses and apartments in Miami

Prices for properties in the city center and outskirts are lower than those in coastal areas, which are popular with international clients.

In 2015, foreigners purchased 22% of homes and condos in Miami, according to information provided to the Miami Association of Realtors. The average cost of a private home in March 2016 was $280,000, and an apartment was $215,000.

Reasons to consider purchasing real estate in Miami:

  • Miami is the largest business and financial center in the USA
  • The city provides the best conditions and prospects for doing business in the region
  • The city’s fast-growing economy
  • More than 60 banks and 100 investment companies (Fortune Global 500) are headquartered in Miami
  • No personal income tax, luxury tax
  • The city is one of the largest transportation hubs in the United States: it is home to the 2nd largest international airport in the United States, Miami ranks first among cruise ports in the world and is the main cargo port in the United States.

  • In accordance with the Miami 2020 program in 2016−2017. There will be a plethora of new developments in the areas of Brickell, Edgewater, Downtown Miami, Design District and Sunny Isles Beach.
  • Office and shopping centers are being built
  • It is planned to build the federal highway I-395, as well as a tunnel and bridge leading from the port to the city.
  • The demand for rental housing in Miami is very high both among tourists and the growing population (growth over 5 years – 6%). In 2015, 15.1 million people visited the city. Atlantic waves, endless beaches, developed resort infrastructure and entertainment for every taste – all this attracts many tourists from all over the world.

Where to look for real estate?

We are pleased to invite you to consider options for purchasing, as well as seasonal rental and long-term rental of real estate in Miami. With us you can make an online request to purchase or rent a villa, apartment, house in one of the most attractive corners of the planet. Through our online search you can contact agencies directly and obtain additional information. Live on Riviera cooperates only with trusted real estate agencies.

In 2015, 15.1 million people visited the city





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